In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number. A knowledge economy is either economy of knowledge focused on the economy of the producing and management of knowledge or a knowledge-based economy. In the second meaning, more (1) _____ used, it is a phrase that refers to the use of (2) ______ to produce economic benefits. The (3) ______ was popularized by Peter Drucker in his book the Age of Discontinuity.
In this new economy, it is (4) _____ that the key to success is "knowledge". But the rules and (5) ______ that determine (6)_____ in the industrial economy of the 20th Century need rewriting in an interconnected (7) _____ where resources such as know-how are more (8) _____ than other economic resources. These rules need to be rewritten at the (9) _____ of firms and industries in terms of knowledge policy or knowledge-related policy. (10) ______, this means that business must be in a constant process of change and adaptation to the new economic realities.
Which of the following words should be filled at (10) as per the context of the passage from the given options?
In other words
Analyzing the Knowledge Economy Passage Blank (10)
The question requires filling blank number (10) in a passage about the **knowledge economy**. The passage discusses the shift from a traditional industrial economy to one centered around knowledge and its production, management, and application for economic benefits, a concept popularized by Peter Drucker.
The specific sentence containing blank (10) is: "(10) ______, this means that business must be in a constant process of change and adaptation to the new economic realities." We need to find a transition word that logically connects the preceding ideas to this concluding statement about business adaptation.
Understanding the Context
The passage explains that in the **knowledge economy**, the rules governing the traditional industrial economy need rewriting. Specifically, it mentions rewriting rules at various levels concerning knowledge policy. The sentence following the blank starts with "this means that", indicating an explanation or clarification of the implications of rewriting these rules.
Evaluating the Options for Blank (10)
Let's examine each option to see which best fits the context:
- Because: This word introduces a reason or cause. The sentence after the blank doesn't provide a reason for rewriting rules; instead, it explains the consequence or meaning of that rewriting. Therefore, "Because" is not suitable.
- In other words: This phrase is used to rephrase, clarify, or explain a preceding statement. The sentence following the blank ("this means that business must be in a constant process of change...") serves as a clarification of what rewriting rules in the knowledge economy entails for businesses. This option fits the context well.
- Unless: This word introduces a condition. The sentence does not present a condition but rather an explanation or implication. Thus, "Unless" is inappropriate.
- However: This word introduces a contrast. While the knowledge economy contrasts with the industrial economy, the specific function of this sentence is to explain the implication of policy changes, not to introduce a contrasting point to the idea of rewriting rules. Therefore, "However" is not the best fit.
Conclusion for Blank (10)
Based on the analysis, the phrase "In other words" is the most appropriate choice for blank (10). It effectively signals that the following statement clarifies the necessary adaptation businesses must undertake due to the rewriting of rules and policies in the new knowledge economy.
Important Questions from Vocab and Grammar Based Questions
Select the most appropriate option that will fill in the blank number 2.
Select the most appropriate option that will fill in the blank number 3.
Select the most appropriate option that will fill in the blank number 4.
Select the most appropriate option that will fill in the blank number 5.
Select the most appropriate option to fill in blank number 1.
